## The American Economic Review, Volume 70,Edições 3-5American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |

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**measure**of welfare loss is WTAC , the compensation which would keep the loser at his initial welfare level ; and the equivalent**measure**is WTPE , the loser's willingness to pay to avoid the quantity reduction from Q " to Q ' which , if ...Página 479

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**measure**of income inequality . ' Paglin's contribution lies in the development of a basic revision of the Lorenz curve from which a new Gini**measure**of inequality is constructed . His new line of income equality ( the P curve ) excludes ...Página 482

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**measure**is bounded above by the [ L- ] Gini rather than unity " ( p.498 ) . It is true that if a = 0 , the P - Gini ...**measure**which is not bounded on the 0-1 interval and which overstates the decline of income inequality . Even with ...### Outras edições - Ver tudo

### Palavras e frases frequentes

adjustment Amer analysis assets assumed assumption average behavior budget capital coefficient constant constraint consumer consumer's surplus consumption cost countries curve demand functions differential distribution earnings Econ Economic effect efficient elasticity equal equation equilibrium estimates exchange rate expected utility Figure firm foreign exchange market given hypothesis implies income increase indifference curve indirect utility function individual industry inflation interest rate investment investor labor force lagged LDCs marginal marginal utility maximize measure ment monetary money illusion money supply Nash equilibrium nomic optimal output P₁ paper parameters percent period positive preferences price level problem production profits quantity ratio rational expectations regression regulation relative risk aversion Section sector share spot price statistically substitution supply Table tariff Theory tion tive unemployment United University utility function variables wage welfare workers yields zero